Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) E10: ₹34.35 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:CHOLAFIN Cholamandalam Investment and Finance Co Ltd NSE:CHOLAFIN
76 GF Score
Price ₹1,927.90
GF Value ₹2,147.51
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Cholamandalam Investment and Finance Co E10?

Cholamandalam Investment and Finance Co NSE:CHOLAFIN +0.54% 76 E10 is ₹34.35 as of Jun. 2026. GuruFocus rates NSE:CHOLAFIN with a GF Score™ of 76/100 and a GF Value™ of ₹2,147.51 (Modestly Undervalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cholamandalam Investment and Finance Co's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹19.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹34.35 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Cholamandalam Investment and Finance Co's average E10 Growth Rate was 24.00% per year. During the past 3 years, the average E10 Growth Rate was 22.70% per year. During the past 5 years, the average E10 Growth Rate was 22.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Cholamandalam Investment and Finance Co was 23.30% per year. The lowest was 17.40% per year. And the median was 22.60% per year.

As of today (2026-08-14), Cholamandalam Investment and Finance Co's current stock price is ₹1927.90. Cholamandalam Investment and Finance Co's E10 for the quarter that ended in Jun. 2026 was ₹34.35. Cholamandalam Investment and Finance Co's Shiller PE Ratio of today is 56.13.

During the past 13 years, the highest Shiller PE Ratio of Cholamandalam Investment and Finance Co was 70.48. The lowest was 12.66. And the median was 48.63.


Cholamandalam Investment and Finance Co  (NSE:CHOLAFIN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cholamandalam Investment and Finance Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1927.90/34.35
=56.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Cholamandalam Investment and Finance Co was 70.48. The lowest was 12.66. And the median was 48.63.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Cholamandalam Investment and Finance Co E10 Related Terms


Cholamandalam Investment and Finance Co E10 Historical Data

* Premium members only.

The historical data trend for Cholamandalam Investment and Finance Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cholamandalam Investment and Finance Co E10 Chart

Cholamandalam Investment and Finance Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.25 17.54 21.54 26.24 32.38

Cholamandalam Investment and Finance Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.71 29.27 30.67 32.38 34.35

NSE:CHOLAFIN vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Cholamandalam Investment and Finance Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cholamandalam Investment and Finance Co Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Cholamandalam Investment and Finance Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cholamandalam Investment and Finance Co's Shiller PE Ratio falls into.


NSE:CHOLAFIN
76GF Score
Cholamandalam Investment and Finance Co Ltd NSE:CHOLAFIN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cholamandalam Investment and Finance Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cholamandalam Investment and Finance Co's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.33/166.1454*166.1454
=19.330

Current CPI (Jun. 2026) = 166.1454.

Cholamandalam Investment and Finance Co Quarterly Data

per share eps CPI Adj_EPS
201609 2.146 105.961 3.365
201612 2.090 105.196 3.301
201703 2.830 105.196 4.470
201706 2.654 107.109 4.117
201709 2.918 109.021 4.447
201712 3.200 109.404 4.860
201803 3.702 109.786 5.602
201806 3.590 111.317 5.358
201809 3.820 115.142 5.512
201812 4.080 115.142 5.887
201903 3.813 118.202 5.360
201906 4.030 120.880 5.539
201909 3.920 123.175 5.288
201912 4.970 126.235 6.541
202003 0.450 124.705 0.600
202006 5.260 127.000 6.881
202009 5.300 130.118 6.767
202012 5.000 130.889 6.347
202103 2.970 131.771 3.745
202106 4.000 134.084 4.956
202109 7.430 135.847 9.087
202112 6.420 138.161 7.720
202203 8.340 138.822 9.982
202206 6.830 142.347 7.972
202209 6.840 144.661 7.856
202212 8.320 145.763 9.483
202303 10.390 146.865 11.754
202306 8.620 150.280 9.530
202309 9.370 151.492 10.276
202312 10.370 152.924 11.267
202403 12.690 153.035 13.777
202406 11.250 155.789 11.998
202409 11.490 157.882 12.091
202412 12.910 158.323 13.548
202503 14.940 157.552 15.755
202506 13.500 159.755 14.040
202509 13.750 162.289 14.077
202512 15.250 163.281 15.518
202603 19.280 164.272 19.500
202606 19.330 166.145 19.330

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹34.35 mean?
Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) has a E10 of ₹34.35 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cholamandalam Investment and Finance Co and its competitors.
Is Cholamandalam Investment and Finance Co's E10 too high?
Cholamandalam Investment and Finance Co's current E10 is ₹34.35. Overall, Cholamandalam Investment and Finance Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cholamandalam Investment and Finance Co's E10 compare to V and MA?
Cholamandalam Investment and Finance Co's E10 of ₹34.35 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Credit Services company?
A good E10 depends on the Credit Services industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cholamandalam Investment and Finance Co and its competitors. Cholamandalam Investment and Finance Co's current E10 is ₹34.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cholamandalam Investment and Finance Co stock overvalued right now?
Based on GuruFocus' analysis, Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,147.51, compared to a current price of ₹1,927.90 — trading 10.2% below its estimated fair value. The current E10 is ₹34.35. Cholamandalam Investment and Finance Co's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Cholamandalam Investment and Finance Co (NSE:CHOLAFIN), the current E10 is ₹34.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Cholamandalam Investment and Finance Co stock appears to be undervalued. The current stock price of ₹1,927.90 is trading 10.2% below its estimated GF Value™ of ₹2,147.51. GuruFocus considers Cholamandalam Investment and Finance Co to be Modestly Undervalued.

Key valuation signals for NSE:CHOLAFIN:

  • E10: ₹34.35
  • GF Value™: ₹2,147.51 vs. price of ₹1,927.90 (10.2% below fair value)
  • GF Score™: 76/100 with 8 warning signs

No single metric tells the full story. See the NSE:CHOLAFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cholamandalam Investment and Finance Co Business Description

Other Exchanges 511243:India
Address Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai, TN, IND, 600032
Cholamandalam Investment and Finance Co Ltd serves as the financial services arm of the Murugappa Group. Its subsidiaries include Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL). The company's operating segments include; Vehicle finance loans its key revenue generating segment, which provides loans for the purchase of vehicles, tractors, and construction equipment; the Home Loans segment includes loans given for the acquisition of residential property; Loan against property includes loans to the customer against immovable property; and Other loans represents loans against shares and SME loans. The company operates solely in India.
76GF Score

Get the complete analysis for NSE:CHOLAFIN

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,927.90
Price
₹2,147.51
GF Value